Oct 13, 2012 5:00am PDT
, medicare and medicaid, and defense spending. what do we get on either of those? sorry to be the libertarian on this. they're never addressed. you get squishy, vague things. they don't want to talk about things that will annoy people. >> they've made this totally corrupt from the standpoint of their own ideology, corrupt generational bargain. welfare state for the older voters and privatization for everyone else. there's no ideological -- >> they're also making the bet that these two people don't know each other. >> that's right. that's a great one. >> that grandma who is 75 is not in tune or doesn't care about what's happening to her grandchildren who are 25 or 30. >> my grandmother never cared. that might be very specific to my family. >> someone like me is intensely worried about my social security dependent mom and whether or not she's going to have to go out and bargain for, you know, her medicare benefits or if i am going to have to get on the phone on her behalf and have -- or me pay the difference or that she does not have the difference available. >> this is such an impo
Oct 6, 2012 5:00am PDT
regulation but we never got to hear a defense in the discussion about what's really hang around regulation, why we are where we are. that's what we're having here. but if that's not held out in presidential debates even if it's a complicated subject, to make the statements it's not something american people can use. >> i want to bring in congresswoman maxine waters, democrat of california and a member of the house committee on financial services. congresswoman you were instrumental in developing and writing dodd-frank. i wanted to get your reaction to mitt romney's critique of it during the debate. >> well, thank you very much. i was more than surprised listening to mitt romney distort dodd-frank. as a matter of fact, he knows better with qualified mortgages, it's so important that we have this feature that we passed in dodd-frank because what we're saying to the banks is this. they must be sustainable. they must be safe mortgages. you must verify the income. you must know about the debt. you cannot have risky features such as balloon payments and interest only and all of that.